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Good Day, 1964 Colorado Federal Savings Set

 
 
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New Member
Canada
40 Posts
 Posted 07/12/2019  2:52 pm Show Profile   Bookmark this topic Add Moon to your friends list Get a Link to this Message
The cent is without a mintmark. It supposes to have a D mint mark, right? Is this an error coin?









*** Moved by Staff to a more appropriate forum. ***
Valued Member
United States
64 Posts
 Posted 07/12/2019  3:01 pm  Show Profile   Bookmark this reply Add MJD to your friends list Get a Link to this Reply
That's a privately assembled set. For whatever reason, they decided to use a 1964-P cent.
New Member
Canada
40 Posts
 Posted 07/12/2019  3:20 pm  Show Profile   Bookmark this reply Add Moon to your friends list Get a Link to this Reply
What was the reason?
Bedrock of the Community
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United States
42768 Posts
 Posted 07/12/2019  3:40 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'm sure we'll never know.



to the CCF!
Moderator
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United States
79171 Posts
 Posted 07/12/2019  4:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
That's a privately assembled set. For whatever reason, they decided to use a 1964-P cent.
Correct. This is not an official Mint product. It was assembled post-mint. It is just as easy they could have put a 1963 cent in there.
Pillar of the Community
United States
7576 Posts
 Posted 07/13/2019  02:32 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Attractive set though.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Pillar of the Community
United States
627 Posts
 Posted 07/13/2019  07:21 am  Show Profile   Bookmark this reply Add joecoin to your friends list Get a Link to this Reply

Quote:
What was the reason?


Could be lots of reasons.

They didn't realize it.
They didn't care.
Somebody owned the set and replaced the original cent with one they thought looked better.

This set is not an official US Mint product, it was put together by/for that bank. It was probably a promotional item or a perk for depositors.

They are all very nice looking coins. But having a cent from the Philadelphia mint instead of the Denver mint gives it no extra value.
Pillar of the Community
United States
808 Posts
 Posted 07/13/2019  09:07 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
Very nice looking set though. But it's an aftermarket holder set that bank put together for a promotional item not an official mint set. You might want to see about getting a really nice D cent (equal to the others) and switch it out to complete it as all from Denver, but up to you, that Philadelphia cent is really nice anyways.
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United States
10143 Posts
 Posted 07/13/2019  2:53 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
; nice-looking set.
New Member
Canada
40 Posts
 Posted 07/13/2019  6:04 pm  Show Profile   Bookmark this reply Add Moon to your friends list Get a Link to this Reply
Thanks a lot everybody for nice comments.
New Member
Canada
40 Posts
 Posted 07/13/2019  6:06 pm  Show Profile   Bookmark this reply Add Moon to your friends list Get a Link to this Reply
Should I send this set for grading?
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United States
10143 Posts
 Posted 07/13/2019  11:48 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I don't believe I'd spend the money. Since it's a 3rd-party holder the TPGs would just grade them as individual coins. Others may have a different opinion.
Bedrock of the Community
United States
15996 Posts
 Posted 07/15/2019  9:40 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Colorado Federal Savings is a bank located in Greenwood Village CO, which is a suburb city of Denver CO. This set was probably used as a giveaway to new customers back in 1964.
Gary Schmidt
Pillar of the Community
United States
6139 Posts
 Posted 07/15/2019  10:23 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

As a help to someone new to the forum:
Grading companies make an awful lot of money because, unfortunatley, newbies to the hobby are led to believe that having coins "professionally" graded is a logical step for all better coins. Thankfully you are smart enough to ask before spending your money.

You need to understand "professionally" graded coins will fetch higher prices on eBay and online auctions if they are common dates but labeled/slabbed as having an exceptional grade (a high Mint State or high end MS grade). The general rule of thumb, as you can read on this forum in other threads, is that if a coin is not worth 150.00-200.00 already, then getting it slabbed is a waste of your money.

In general the average "really nice" and "wow" coin you find is not going to make a grade high enough to be worth a huge premium. Many people send these nice coins in and lose their money while lining grading company pockets.

You must also realize the fact that these TPGs (Third Party Grading Systems) will tell you they practice an art - not a science. What they do is subjective. Its not a science. All of this explains the fact why a coin submitted, slabbed, broken out of the slab and re-submitted to the same company is never even guaranteed its new slab will have the same grade assigned as the previous one did.

There are a lot of people out there who are automatically led to believe form seeing so many slabs on eBay etc. that slabbing is a perfect science and that the coin in the slab has that one actual grade. The reality is the grading adds an artificial value to the coin, and that value disappears as soon as the slab is removed.

Some collectors who enjoy slabs know all of the above info and enjoy collecting slabbed coins for what they are. Its a hobby. Its about fun. Just be informed so you don't end up losing money from marketing hype as many people do.

All of the above is why CCF will always tell you to buy the coin and not the slab.

Oh... how do you know if your coin is that one in a million chance it will be graded high enough to be worth a good premium? Post pictures of it to this forum asking for help in determining the grade. Ask advice about sending it in to be slabbed. As a former president of PCGS has even said, anyone can learn to grade, it just takes handling hundreds of coins (obviously he said this in the context of handling hundreds of coins with the idea of learning to grade and compare them with other coins). We have people on this forum who will gladly help you know what the grade is likely to come back as if you send a coin in for slabbing. Plus by using the forum you won't be feeding a TPG your hard earned cash on a gamble you might have something special.

- When I value " being right" more than what IS right, I am then right...a fool.
- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
- Real men play Fizzbin.
Pillar of the Community
United States
552 Posts
 Posted 07/17/2019  8:47 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Very attractive set you have there. Despite the Philadelphia cent. Oh, and welcome to the forum!
New Member
Canada
40 Posts
 Posted 07/23/2019  5:11 pm  Show Profile   Bookmark this reply Add Moon to your friends list Get a Link to this Reply
Thanks a lot, Earle42 for the great advice. Thank you Ballyhoo, thanks, everyone.
Please see my new post and advice.
Thanks a million.
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